3 Comments

1. ptcruisher2001 says:
   March 8, 2010 at 10:33 am

   they use lenders, some are banks
2. Spinky spark nut says:
   March 8, 2010 at 10:57 am

   I’m not sure of your post.
   What does:
   we have a truck that we are using the bank to pay the loan for
   supposed to mean?
   Do you have a loan for a truck? with a bank?
3. Bandett says:
   March 8, 2010 at 11:14 am

   if you trade it in you lose money because a dealer will not give very much for it. UNLESS they add it to the price of the car they are selling you. So at a dealer you get the least for your car as will pay the most for the car you buy.
   When you add the two together ,you will lose a lot of money.
   You need to sell the car yourself for most you can( look in truck for sale adds ) to see what you can sell it for.
   Then buy the car you want cash from a private seller, at low price.
   If you owe the bank about the same amount on your truck that you could sell it for.
   You could advertise to find someone that wants your truck . to assume your loan with the bank.
   Talk to your bank about that.
   If you sell it yourself, you pay off your loan as part of the selling transaction.
   Your bank will help with all that.
   You and the buyer go to the bank to settle the loan.
   Again just go to your bank and have them explain to you what you need to do to sell the car.
   If you take the easy/lazy way and trade it in at a dealer for a used vehical. You will lose several thousand dollars.
   Good luck.
   Google ” edmonds.com” to see trade in prices and selling prices for your truck.

   We are at bit of a loss to answer your question ,,because we don`t know if you have a 30,000 dollar or 10,000 $ truck. or how much you owe on it.